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Question
true or false: if you earn $87,150 per year, your weekly rate is $1,675.96. true false
Step1: Determine weeks in a year
There are 52 weeks in a year.
Step2: Calculate weekly rate
To find the weekly rate, divide the annual salary by the number of weeks in a year. So, the formula is $\text{Weekly Rate} = \frac{\text{Annual Salary}}{\text{Number of Weeks in a Year}}$. Substituting the given values, we have $\text{Weekly Rate} = \frac{87150}{52}$.
Calculating this, $\frac{87150}{52} \approx 1675.96$.
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